Two years on: Progress after Xi's speech on the internet
chinadaily.com.cn |
Updated: 2018-04-19 08:37
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5. Development of internet enterprises
The number of Chinese AI enterprises reached 592 in June 2017. As of December 2017, there were 77 "unicorn companies"— private startups valued at more than $1 billion — in internet and information industries in China.
Among the unicorns, over 30 percent were e-commerce or internet finance businesses, while culture and entertainment, automobile and transport, online medical services and AI companies also achieved rapid development.
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